Tuesday, May 5, 2015

Bank VP Gets 3.5 Years For Fraud

So they pick on one little bank in Georgia after all of the big banks ADMIT fraud and just pay the cashier to go free? Is this really justice?

 The former vice president of a Georgia bank has been sentenced to three and a half years in federal prison for using his position to profit off of foreclosed homes in the wake of the housing crisis.

“Bank fraud is a critical problem that has hit Georgia especially hard,” said Acting United States Attorney John A. Horn.

William R. Beamon was convicted by a federal jury in December of five counts of bank fraud, for which he will serve three years and six months in federal prison and forfeit property he took control of while perpetrating the fraud at Appalachian Community Bank in Ellijay, Georgia      http://www.justice.gov/usao-ndga/pr/appalachian-community-bank-vice-president-sentenced-federal-prison-bank-fraud


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